Wushang Group Co (SZSE:000501) Long-Term Capital Lease Obligation : ¥592 Mil (As of Mar. 2024)

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What is Wushang Group Co Long-Term Capital Lease Obligation?

Wushang Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥592 Mil.

Wushang Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥599 Mil) to Dec. 2023 (¥604 Mil) but then declined from Dec. 2023 (¥604 Mil) to Mar. 2024 (¥592 Mil).

Wushang Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥832 Mil) to Dec. 2022 (¥711 Mil) and declined from Dec. 2022 (¥711 Mil) to Dec. 2023 (¥604 Mil).

Wushang Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wushang Group Co's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Wushang Group Co Long-Term Capital Lease Obligation Chart

Wushang Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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972.83

832.04

710.93

604.17

Wushang Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															690.75	636.95	599.42	604.17	592.34

Wushang Group Co (SZSE:000501) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Wushang Group Co Long-Term Capital Lease Obligation Related Terms

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Wushang Group Co (SZSE:000501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Wushang Group Co Ltd (SZSE:000501) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 690 Jiefang Avenue, Wuhan International Plaza, Jianghan District, 8th Floor, Hankou, Wuhan, CHN, 430022

Website

http://www.wushang.com.cn

Wushang Group Co Ltd is engaged in the operation and development of the retail industry. The company operates as a commercial city, shopping malls, and supermarket chains. Its business includes Tender Notice, New supply chain for department stores, New Department, New supply chain for supermarkets, and New Supermarket.

Executives

Lu Xiang Min	Director
Xiong Hai Yun	Director
Li Dong	Executives
Zhu Xi	Directors, executives
Wang Bin	Executives
Yue Qin Fang	Independent director
Yin Bai Gao	Supervisors
Zhang Yu Yan	Supervisors
Li Xuan	Secretary Dong
Chen Jun	Director
Liu Jiang Chao	Directors, executives
Liu Xiao Bei	Directors, executives
Wang Bin	Executives
You Zhi Hua	Supervisors
Luo Ming	Director

Wushang Group Co (SZSE:000501) Headlines

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